Author: News Room

President Trump has promised to generate a “massive” amount of revenue with tariffs on foreign products, an amount so big that the president said he would create a new agency — the External Revenue Service — to handle collecting the money.“Instead of taxing our citizens to enrich other countries, we will tariff and tax foreign countries to enrich our citizens,” Mr. Trump said on Monday in his inaugural address, where he reiterated a promise to create the agency. “It will be massive amounts of money pouring into our Treasury coming from foreign sources.”Much about the new agency remains unclear, including…

The C.E.O. inauguration crowd In a stark display of money and power, the three wealthiest men on the planet lined up on Monday in the Capitol Rotunda to witness Donald Trump being sworn in as the 47th president.The message was clear: With a president in office who wants to be known as a deal maker, Washington is open for business.The three men, Elon Musk, Jeff Bezos and Mark Zuckerberg, collectively worth close to a trillion dollars, were seated in front of Trump’s cabinet picks and behind his family, creating what might be a hierarchy of influence. (Sundar Pichai, the billionaire…

Five years since the pandemic began, workers have grown accustomed to a script. Their bosses make return-to-office plans, which then get shelved. And then shelved again.In recent weeks, the calls to end remote work have come back with gusto, and with authority.On Monday, President Trump signed an executive order requiring federal department heads to “terminate remote work arrangements” and require all federal workers to return to in-person work five days a week. He previewed the move in December when he said those federal workers who refused to go into the office were “going to be dismissed.”Some chief executives, who have…

If there is anything most entertainers master, it’s how to juggle gigs. In New York City, they may have sidelines in real estate or hospitality. In Las Vegas, their day jobs are, well, also in entertainment.“That’s the beautiful thing about Vegas — you’re going to find people who do everything,” said Katie Marie Jones, a busy local actress who also works as a magician’s assistant on the Vegas Strip and an on-ice host at the home games of the Golden Knights hockey team. “If you have multiple wants and talents, or if you’re open to learning new things, it’s easy…

A year ago, India was bouncing back from a recession caused by Covid-19 with a spring in its step. The country had overtaken China as the most populous country, and its leaders were declaring India the world’s fastest-growing major economy.This was music to the ears of foreign investors, and to India’s prime minister, Narendra Modi, who at every opportunity boasted about his country’s inevitable rise. Home to 1.4 billion people, an invigorated India could become an economic workhorse to power the rest of the world, which is stumbling through the fog of trade wars, China’s troubles and Russia’s invasion of…

President Trump signed an executive order on Monday to delay enforcing a federal ban of TikTok for at least 75 days, even though the law took effect on Sunday and it is unclear that such a move could override it.The order, one of Mr. Trump’s first acts after taking office, instructs the attorney general not to take any action to enforce the law so that his administration has “an opportunity to determine the appropriate course forward.” The order could immediately face legal challenges, including over whether a president has the power to halt enforcement of a federal law. Companies subject…

Nobody summed up the funereal mood of MSNBC’s inauguration coverage on Monday quite like Rachel Maddow, the star anchor and de facto TV therapist for liberals who cannot bring themselves to believe that Donald Trump is, once again, the president.“How is this happening?” she asked.Her co-host Joy Reid had bemoaned “the takeover of the United States by a base mentality of greed and corruption.” The anchor Nicolle Wallace lamented “all the grifting.” And Ms. Maddow, having glimpsed Kristi Noem, Mr. Trump’s pick to run homeland security, next to Tim Cook, the Apple chief executive, in the V.I.P. section, seemed at…

Elon Musk is likely to be given office space in the West Wing, giving him close proximity to President Trump as the world’s richest man steers a project that aims to cut as much as $2 trillion in government spending, two people with knowledge of the planning said.Mr. Musk had been expected to be situated in the Eisenhower Executive Office Building, which is in the White House complex but not in the West Wing proper. But he has for many days been asking about his level of access, signaling a desire for proximity to Mr. Trump, according to the people.Mr.…

President Trump will stop short of immediately imposing tariffs on imported products on Monday, but will issue an executive order directing federal agencies to begin studying a broad list of trade issues that could ultimately result in taxes on goods from China, Canada, Mexico and other countries in the coming months.The decision suggests that Mr. Trump is taking a more measured approach to fulfilling a key campaign promise of using tariffs to reorder America’s trading relationships. It will also delay — at least for now — fights that have been brewing with foreign governments, which have promised to answer Mr.…

Rarely in Olympic history had a single company been as ubiquitous as LVMH Moët Hennessy Louis Vuitton, the luxury goods empire owned by France’s richest family.As the Paris Olympics’ biggest corporate sponsor, LVMH was everywhere. Its Moët & Chandon champagne flowed in V.I.P. suites. French athletes were clothed by LVMH’s Berluti fashion house. And, in contravention of at least the spirit of the Olympic charter, Louis Vuitton luggage was trotted out during the opening ceremony and seen by more than one billion people worldwide.But its most significant role involved the Olympic medals, which were designed by Chaumet, a luxury jewelry…